Commission & Fee Schedule - BMO

BMO Wealth Management

March 2024

Commission & Fee Schedule

Count on us for competitive commissions & fees

Regular commission schedule

At BMO InvestorLine, we¡¯re serious about arming investors like you

with the tools and resources you need to invest confidently. In

short, we¡¯re committed to helping you meet your financial goals at

a competitive price.

Orders placed through a BMO InvestorLine Representative

$9.95 pricing

Stocks

Canadian and American Exchanges

Stock Price

Commission per share

All clients enjoy flat fee commission of $9.95 per trade for orders

placed through the Web.*

Stocks

Canadian and American Exchanges

Assets

Commission rates

$0 to 249,999

$9.95 Flat Fee Pricing

$250,000 +

$9.95 Flat Fee Pricing, 5 Star

Program Gold Star benefits

$2 million +

$9.95 Flat Fee Pricing, 5 Star

Program Platinum Star benefits

$5 million +

$9.95 Flat Fee Pricing, 5 Star

Program Diamond Star benefits

Trades per Quarter

Commission rates

0 to 14

$9.95 Flat Fee Pricing

15 to 74

$9.95 Flat Fee Pricing, 5 Star

Program Gold Star benefits

75 to 179

$9.95 Flat Fee Pricing, 5 Star

Program Platinum Star benefits

180 or more

$9.95 Flat Fee Pricing, 5 Star

Program Diamond Star benefits

* For equity trades only. For complete Terms & Conditions visit our website at

self-directed/pricing

For information on our 5 Star Program visit our website at self-directed/5star

Options

Canadian and American Exchanges

$9.95 + $1.25 per contract***

Where the principal value of the trade is $2,000 or less, the maximum commission is

$35 CDN, $35 U.S. Regular stock commission schedule applies for assignments and exercises.

** For complete Terms & Conditions visit our website at self-directed/pricing

CDN Exchanges

U.S. Exchanges

$0 to .245

2.5% of principal

value

3% of principal

value

$.25 to 1

$35 + 1/2?

$39 + 2?

$1.01 to 2

$35 + 2?

$39 + 3?

$2.01 to 5

$35 + 3?

$39 + 4?

$5.01 to 10

$35 + 4?

$39 + 5?

$10.01 to 20

$35 + 5?

$39 + 6?

$20.01 and over

$35 + 6?

$39 + 7?

$30.01 and over

$35 + 6?

$39 + 8?

Where the principal value of the trade is $2,000 or less, the commission is $43 CDN, $43 U.S.

Stock trades are subject to a minimum commission of $43 CDN, $43 U.S.

Options

Canadian and American Exchanges

Option price

Commission per contract

$0 to 2

$35 + $1.50

$2.01 to 3

$35 + $2.00

$3.01 to 4

$35 + $2.50

$4.01 to 5

$35 + $3.00

$5.01 and over

$35 + $3.50

Where the principal value of the trade is $2,000 or less, the maximum commission is $43

CDN, $43 U.S. Option trades are subject to a minimum commission of $43 CDN, $43 U.S.

Regular stock commission schedule applies for assignments and exercises.

BMO Wealth Management

PAGE 2

BMO InvestorLine

Mutual funds

We offer you access to over 9,500 mutual funds. No commissions

apply to buy, sell or switch (an early redemption fee may apply,

see details below).

Investment Policies and Minimums for Mutual Funds:

1. W

 ith the exception of Money Market and T-Bill funds, there is

an initial purchase minimum of $1,000 or the fund company¡¯s

minimum, whichever is higher. A subsequent purchase

minimum of $500 applies. Switch orders are subject to the

same purchase minimums.

2. T he initial purchase minimum on BMO Mutual Funds and BMO

Guardian Funds (including Money Market and T-Bill funds) is

$500, or the fund minimum, whichever is higher. A subsequent

purchase minimum of $50 applies.

3. For all other Money Market and T-Bill funds, an initial purchase

minimum of $25,000 and a subsequent purchase minimum of

$500 applies. All units must be redeemed if your balance falls

below $25,000.

4. F or Automatic Purchase Plans (APP) and Automatic Withdrawal

Plans (AWD), the minimum is $100 per fund per periodic

purchase or withdrawal.

5. E arly Redemption Fee: Exempting Money Market and T-Bill

funds and back load (DSC) funds, an early redemption fee of

1%, subject to a minimum of $43 ($35 for electronic orders) will

be charged for funds held for less than 90 days. Switch orders

are subject to the same early redemption fee.

6. Some fund companies may also charge additional fees. These

may include an initial account set-up fee, an early redemption

fee or a deferred sales charge on redemption of back load

(DSC) funds.

Bonds, T-Bills, GICs, Strip coupons

Commissions, if any, are included in the quoted price. You may

enjoy additional savings for online fixed income trades.

Exchange Traded Bonds

Bond Par Value

Commission

$0 to $49,999

$40 + $1.50/$1,000

$50,000 and over

$40 + $1.00/$1,000

Enjoy 20% discount off orders placed electronically, subject to a minimum commission of

$35 CDN, $35 U.S.

Deposit gold & silver bullion

Bullion

Commission

Gold

$35 + $1.00/oz.

Silver

$35 + $0.10/oz.

Commissions for the BMO Physical Allocated Gold Deposit Program are charged in Canadian

dollars for MTL001 and in U.S. dollars for MTL007.

Commissions for the BMO Vaulted Physical Silver Deposit Program are charged in Canadian

dollars for MTL900 and in U.S. dollars for MTL901.

BMO Gold Deposit Redemption Fee (MTL001-CAD and

MTL007-USD): Redemptions will receive the NAV less the

redemption fee (spread). As of current, the fee/spread is at 2%.

BMO Silver Deposit Redemption Fee (MTL900-CAD and

MTL901-USD): Redemptions will receive the NAV less the

redemption fee (spread). As of current, the fee will be between

$1 and $2.

Gold Withdrawal and Delivery Fee (MTL001): $100.00 per ounce,

plus applicable taxes.

Silver Withdrawal and Delivery Fee (MTL900-CAD and

MTL901-USD): $4.00 per ounce, plus applicable taxes.

Under the Deposit Program, clients pay no annual storage fees, and there is no annual

MER. Fees will apply if physical delivery is requested. Bank of Montreal may earn revenues

(or suffer losses) from the sale of gold bullion. The minimum purchase is one ounce for

gold and 100 ounces for silver.

Gold & silver certificates

Certificate

Commission

Gold

$35 + $1.00/oz.

Silver

$35 + $0.10/oz.

Commissions for certificates are charged in U.S. dollars. Minimum purchase of 10 oz. for gold

and 100 oz. for silver. No safekeeping fees.

BMO Wealth Management

PAGE 3

BMO InvestorLine

More on our commissions and fees

? Regular commission schedule refers to trades placed with a

BMO InvestorLine Representative.

General account fees

The following charges apply to all BMO InvestorLine accounts.

Taxes may apply.

? A

 ll transactions for one account in one security on one side of

the market during one trading session are included in determining

the principal value of the trade.***

Security registration fee:

Stock Certificate/DRS

$100.00/security

? Full commission charges apply for each partial fill except when

transacted on the same business day.***

Statement search, trade investigation, etc.

$40.00/hr

(minimum $40)

? Prices on multiple fills transacted on the same business day are

averaged for commission purposes.***

Internal transfers (non-registered accounts)

$25.00

Transfer out

$150.00

? Electronic trades are placed through the BMO InvestorLine

website, mobile or tablet.

Estate account certificate ¨C handling fee

$50.00/security

? You will be charged for any sales, use, goods and services,

harmonized sales, value added, and transaction taxes which are

incurred by or that may be charged to either you, BMO

InvestorLine, or an intermediary (whether jointly or severally) by

any governmental authority in any jurisdiction as a result of your

Transaction, including SEC fees charged for U.S. sale transactions.

Cheque requests

$10.00/request

Safekeeping securities

(excluding CSBs and GICs)

$50.00/certificate/

month

Statement and confirmation replacement

$5.00/item

Paper statement mailed

Monthly $2 fee

per account

? Commissions on U.S. trades are charged in U.S. dollars.

? If you change an order through a BMO InvestorLine

Representative, the regular commission schedule applies to the

original order and any subsequent changes to that order.

*** Terms and Conditions for the 5 Star Program may differ and may be found at

self-directed/5star

Fees for non-registered accounts

Account Minimum Fee

A $25 CDN fee will be charged each quarter on non-registered

accounts with an account balance of less than $15,000. Taxes may

apply. This fee is waived for clients who hold a registered account

(except TFSA) with BMO InvestorLine and for clients that make 2 or

more ¡°commissionable trades¡±? in 6 months. The fee is charged

when ¡°average household account balance¡± at the close of

business on the last day of the calendar quarter is less than

$15,000. The ¡°average household account balance¡± refers to

averaging the account equity of all accounts at the same address

and excludes accounts that are fee exempt.

?

Commissionable trades are: Buys and sells of Equities, Options, Transaction Fee Mutual Funds,

and Fixed Income except for GICs, Canada Savings Bonds, and Provincial Savings Bonds.

BMO Wealth Management

PAGE 4

BMO InvestorLine

AccountLink? service

Other AccountLink service charges

Non-registered adviceDirect accounts are equipped with

AccountLink?1 service.

The following fees are in addition to the charges already noted.

Fees may be waived for those clients who participate in a BMO

Everyday Bank Plan.

Each month you¡¯ll receive two free withdrawals, cheques, transfers,

pre-authorized debits, INTERAC?* debit purchases or INTERAC?

e-Transfers at any BMO Bank of Montreal branch, BMO automated

banking machine, BMO Digital Banking2 or point-of-sale. 3

Pay-per-use fees

A $1.00 fee will apply for each additional above-type transaction.4,5

Service charges and fees on U.S. dollar accounts are charged in

U.S. dollars.

Access to accounts through non-BMO channels

An extra charge applies for each non-BMO ATM withdrawal/

point-of-sale:

Inside Canada (INTERAC network)6

$2.00

Inside the U.S. 6,7

$5.00

Outside Canada and the U.S. (International)6

$5.00

Debit card purchase ¨C Outside Canada

(Maestro and Mastercard networks)8

no additional fee

Everyday Bank Plans

If you prefer a fixed monthly fee instead of pay-as-you-go

transaction charges, consider signing up for one of our BMO Bank

of Montreal Everyday Bank Plans? on y our BMO InvestorLine

personal investment account with AccountLink service.

For more information on these plans and their associated fees,

visit the Compare Bank Accounts page under Bank Accounts at



Fees will remain in effect until further notice. When there are

increases to our fees, clients will be notified 60 days in

advance. Services are identified which are subject to federal or

provincial tax. The tax paid will be indicated separately or

identified as included on statements, receipts, etc.

Interac e-Transfer ¨C Cancelling an Interac

e-Transfer by you or the Bank9

$5.00

Canadian & U.S. Dollar draft10,11,12,13

$9.95

Canadian & U.S. Dollar money order10,11,12,13

$9.95

Assisted bill payment

$1.50

Items returned non-sufficient funds (NSF) ¨C

Cheque or Pre-Authorized Payment (includes

items payable to BMO from Personal Accounts)14

$48.00

Cheques sent on collection (up to $250.00 CAD)15

$15.00

Cheques sent on collection (over $250.00 CAD)15

0.125%

($25.00 min. to

$200.00 max.)

Custom cheque orders16

Varies

by style

Cheque image return (per month)

$2.50

Foreign currency cheque drawn on Canadian

Dollar account17

$20.00

Foreign currency cheque deposited to a

Canadian dollar account17

$5.00

Post-dated item held for deposit at a BMO Bank

of Montreal branch

$3.00

Set-up or amend instructions for standing

orders, (regular payments/transfers from

or between accounts in the same currency)

except for Continuous Savings Plan18

$4.50

Incoming wire payments to an AccountLink?19

$16.00

Outgoing Domestic & International Wires from an

AccountLink?19

¨C plus: Communication charge

$40.00

Search and/or copy of Personal Account item

(such as statements, vouchers, cheque tracing,

transaction receipts)

$10.00

$5.00

Stop payment20

(cheques or Pre-Authorized Payments)

¨C single

¨C series (in sequence, per request)

$12.50

$20.00

Passbook Fee

$2.25

BMO Wealth Management

PAGE 5

BMO InvestorLine

Interest rates

Interest rates paid on cash balances or charged on debit balances

are subject to change without notice. Interest is calculated

separately on CDN and US dollar balances. Up-to-date information

on our rates is available in the Pricing section at

self-directed or by contacting a BMO InvestorLine Representative.

Currency conversion

BMO InvestorLine acts as principal in relation to any transaction

that requires the conversion of currency (unless BMO InvestorLine

specifically advises you otherwise) and will convert the currency

at rates established or determined by BMO InvestorLine (or parties

related to us) in our sole discretion. Conversion rates will vary and

are subject to change without notice to you. In addition to the

commissions or other fees applicable to the transaction, BMO

InvestorLine (or parties related to us) will collect revenue on

currency conversions as set out in the table below:

Currency Conversion

Please contact a BMO InvestorLine representative for rates or for

additional information. As BMO InvestorLine offers Canadian and U.S.

currency denominated registered accounts (excluding Registered

Education Savings Plans), the currency denomination in which any

Security is held or of funds deposited in an account will be required

to be converted into Canadian dollars or US dollars if they are in a

currency denomination that differs from the currency of the

account in which they are held or deposited. BMO InvestorLine

(or parties related to us) will earn revenue from the currency

conversion.

Fees for registered accounts

For RRSP, LIRA, LRSP, RIF, LRIF, RLSP, LIF, RLIF and RESPs:

No annual administration fee is charged when your account value

is greater than or equal to $25,000. An annual administration fee

of $50 is charged for RESP accounts less than $25,000. For all other

registered accounts, $100 is charged for accounts less than

$25,000.

Transaction Size (USD)

Revenue Earned (bps)

Revenue (%)1

RRSP/RRIF deregistration

$50.00

Less than $25,000

220

1.6%

LifeLong Learning Plan

$25.00

$25,000 to $74,999.99

130

1%

Home Buyers¡¯ Plan (Taxes may apply.)

$25.00

$75,000 to $99,999.99

105

0.8%

$100,000 to $249,999.99

75

0.6%

$250,000 and above

No more than 55

No more than 0.4%

The percentage is calculated for illustrative purposes only, and is expressed as the

percentage value of our revenue earned on conversions, benchmarked to the 2023 Bank of

Canada annual average exchange rate of 1.3497, and rounded to the nearest tenth.

1

A BMO InvestorLine account with AccountLink service consists of your regular securities account and a BMO Bank of Montreal Canadian dollar bank account and, if requested, a U.S. dollar bank account. Cash is normally held at BMO

Bank of Montreal in a bank account except when temporarily held by BMO InvestorLine Inc. AccountLink service is governed by the terms and conditions of the BMO InvestorLine Client Agreement. AccountLink(s) for Non-registered

accounts are bank accounts at BMO Bank of Montreal?, a member of CDIC, and are eligible for deposit insurance from the CDIC, subject to maximum coverage limitations. Please visit the CDIC website for further information about

coverage limits. Self-directed registered plans are not eligible for AccountLink service. For U.S. dollar accounts, amounts are quoted in U.S. funds. Access at ATMs is limited by location availability, and by the daily card or machine limits.

2

Digital Banking includes mobile, online and tablet.

3

Additional fees may be charged by the merchant for use of point-of-sale devices.

4

A bill payment handling fee of $1.50 applies where applicable.

5

Account histories completed through BMO Mobile, BMO Online Banking and the telephone interactive voice response (IVR) system do not count toward the monthly transaction limit.

6

These fees are in addition to any other fees that may be charged by non-BMO ATMs.

7

Fee does not apply for use of BMO Harris Bank machines on the Cirrus network.

8

Applies to purchases made outside of Canada on the Maestro and Mastercard networks. Other transaction or network fees may apply.

9

This fee is charged if you cancel an Interac e-Transfer unless you cancel it on the same day it is sent (Eastern Time). It is also charged when the Bank reverses an Interac e-Transfer regardless of whether you asked us to reverse it

or not. This fee is in addition to the non-refundable Interac e-Transfer fee that may apply when you send an Interac e-Transfer, if applicable.

10

We and/or other financial institutions may charge additional fees for refunds or replacements of lost or stolen money orders or drafts.

11

The receiving financial institution may charge associated fees.

12

U.S. Dollar money orders and drafts are available at no cost when purchased through a U.S. Dollar personal account.

13

Foreign currency drafts are subject to sanctions compliance regulations and payee names are screened against persons listed under international sanctions. Depending on the result of that screening, a payee might not be able to

cash a foreign currency draft.

14

Cheque or Pre-Authorized Debit.

15

Other financial institutions may charge associated fees. We may charge third-party or out-of-pocket expenses, such as courier fees. In the event that an item is received on collection, we may charge fees.

16

Cost of personalized cheque orders for personal deposit accounts will depend on quantity and type selected.

17

Foreign currency items deposited and subsequently returned may incur a foreign currency loss due to rate fluctuations. Travellers cheques in U.S. dollars other than those issued by American Express cannot be negotiated at a

BMO branch.

18

Fee is in addition to any debit transaction fees. The set-up fee is not applicable where the transfer is for automatic savings or regular contributions to a mutual fund, RSP or savings account.

19

Other financial institutions may have associated fees for incoming and outgoing wire transfers. Inquiries/traces etc. may be subject to fees other than those collected by BMO. Inquire in branch for details. When an investigation is

requested, an investigation fee may be collected.

20

You are not able to put a stop payment on Pre-Authorized debit payments for BMO credit products such as loans, mortgages, credit cards, lines of credit.

INTERAC is a registered trademark of Interac Inc. Used under License, ?? Registered trademarks of MasterCard International Incorporated. Used under license by MasterCard International Inc.

BMO InvestorLine is a member of BMO Financial Group. ?/? Trademarks of Bank of Montreal, used under license. BMO InvestorLine Inc. is a wholly owned subsidiary of Bank of Montreal Holdings Inc.

BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO InvestorLine Inc., in providing wealth management products and services.

?*

03/24-0013

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